43 years NI contributions but still not entitled to full State Pension!

Aretnap

Lucy_Lastic wrote: »

The only thing I can do is pay 2 x £689 for the missing 2 years to get the extra £8.58 per week (from what I understand having read pages of notes).

I'm not sure whether or not your understanding is correct - someone else will hopefully comment on that.

But on the assumption that it is... £8.58 per week is £446 per year. So it will take you just over three years to recoup your £1378. So provided you're planning to live for at least three years after your state retirement age, it's a very generous offer indeed.

By 2020 I will have worked for 49 years, so I'm not inclined to pay another £1378!

Speaking as a taxpayer: Please do keep your £1378 and forgo the extra pension!

But speaking as someone trying to be helpful: That would be a pretty spectacular way of cutting off your nose to spite your face.

molerat

Aretnap wrote: »

I'm not sure whether or not your understanding is correct - someone else will hopefully comment on that.

But on the assumption that it is... £8.58 per week is £446 per year. So it will take you just over three years to recoup your £1378. So provided you're planning to live for at least three years after your state retirement age, it's a very generous offer indeed.

Speaking as a taxpayer: Please do keep your £1378 and forgo the extra pension!

But speaking as someone trying to be helpful: That would be a pretty spectacular way of cutting off your nose to spite your face.

From op's post it would appear that they will be working until SRA and the extra 2 years are pre 2016 which, looking at their other comments, means paying this would not add to the pension.

xylophone

Looking for something on my computer I found this letter from the old DTI in 1996 about CSPS

http://www.civilservicepensionscheme.org.uk/media/181379/tar_apr-16.pdf

National Insurance Modification

The Civil Service pension scheme
provides for pensions to be reduced
from State Pension age to take
account of the basic State Pension.
If your reckonable service includes a
period of time before 1 April 1980, the
pensions payroll provider will reduce
your Civil Service pension once you
start to claim your State Pension. This
reduction is known as National Insurance
Modification. This reduced pension
is then increased in line with rises in
the cost of living from your last day
of service. The reductions made for
National Insurance Modification are
less than £2 a year for each year of your
service up to 1980.